BRIEF-JPM CEO Dimon Says Recent Tariffs Will Likely Increase Inflation

Reuters04-07
BRIEF-JPM CEO Dimon Says Recent Tariffs Will Likely Increase Inflation

April 7 (Reuters) - JPMorgan Chase & Co CEO Dimon:

  • JPM CEO DIMON: RECENT TARIFFS WILL LIKELY INCREASE INFLATION & CAUSING MANY TO CONSIDER GREATER PROBABILITY OF RECESSION - LETTER TO SHAREHOLDERS

  • JPM'S DIMON: U.S. ECONOMY, AT LEAST UNTIL RECENTLY, CONTINUED TO BE RESILIENT, WITH CONSUMERS STILL SPENDING (THOUGH WITH SOME RECENT WEAKENING)

  • JPM'S DIMON: "SIGNIFICANT AND SOMEWHAT UNPRECEDENTED FORCES CAUSE US TO REMAIN VERY CAUTIOUS"

  • JPM'S DIMON: U.S. "NEEDS LEADERS WHO CAN GUIDE THEIR PARTIES AWAY FROM CATERING TO THE EXTREMES AND WHO CAN COLLABORATE EFFECTIVELY WITH OUR ALLIES"

  • JPMORGAN: ECONOMY IS FACING CONSIDERABLE TURBULENCE, WITH POTENTIAL POSITIVES OF TAX REFORM AND POTENTIAL NEGATIVES OF TARIFFS AND “TRADE WARS”

  • JPM'S DIMON: "ECONOMIC FRAGMENTATION FROM OUR ALLIES MAY BE DISASTROUS IN THE LONG RUN"

  • JPM'S DIMON: NEED TO BE COMPETITIVE WITH CHINA IN AI RACE BY BOLSTERING TECHNOLOGICAL ADVANCEMENTS, CUTTING RELIANCE ON TAIWAN FOR SEMICONDUCTOR CHIPS

  • JPM'S DIMON: LARGE US DEFICITS ARE NOT SUSTAINABLE, "THE SOONER WE DEAL WITH IT, THE BETTER"

Source text: ID:nBw10VYrPa

Further company coverage: JPM.N

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